$4 trillion and counting, and $1 trillion and counting. Two giant asset managers just passed critical milestones.
] hit a record $4.048 trillion in AUM at the end of January, the Wall Street Journal points out
. That's after pulling in 2016 net inflows of $322.8 billion (Vanguard's own tally) or $289 billion (M*'s estimate), plus another $49 billion in net inflows in January 2017. The low-cost titan is the largest mutual fund company in the world by AUM, and it's also the second-largest asset manager.
| Jack Bogle|
The Vanguard Group
Founder and Former Chief Executive Officer
Vanguard has about 15,000 employees after adding more than 1,700 full-time staff in 2016, the paper reports. And Vanguard tells the paper that they'll hire a similar number of folks this year, too.
Vanguard's last big threshold, $3 trillion, was passed in August 2014, the WSJ
Meanwhile, the biggest asset manager in the world by AUM and the biggest ETF shop, BlackRock
], recently crossed its own critical threshold: $1 trillion in AUM in U.S. ETFs. Reuters highlighted
the milestone. Last year BlackRock's iShares
ETFs brought in $105 billion assets in the U.S., the wire service says, citing BlackRock and FactSet
As of December 31, BlackRock had $5.1 trillion in total across all of its businesses.
Neil Anderson, Managing Editor
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